V&A Waterfront is a trophy-tier Cape Town submarket with average asking rent around R240/sqm/mo · ≈ $14.4 PSF/yr USD.

  • Average asking rent: R240/sqm/mo · ≈ $14.4 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: R180/sqm/mo · ≈ $10.8 PSF/yr USD ($11 USD).
  • Citywide vacancy: 12.4% — submarket-level availability is typically tighter at trophy tier.

V&A Waterfront, Cape Town office rents and availability

V&A Waterfront is a trophy-tier Cape Town submarket with average asking rent around R240/sqm/mo · ≈ $14.4 PSF/yr USD.

TL;DR

  • Average asking rent: R240/sqm/mo · ≈ $14.4 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: R180/sqm/mo · ≈ $10.8 PSF/yr USD ($11 USD).
  • Citywide vacancy: 12.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

V&A Waterfront averages around R240/sqm/mo · ≈ $14.4 PSF/yr USD for Class A, against a citywide Class A index of 180. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Mixed-use trophy waterfront. Tech, banking, retail HQs, hospitality, tourism.

Key facts

cityCape Town
submarketV&A Waterfront
tiertrophy
averageRentLocalR240/sqm/mo · ≈ $14.4 PSF/yr USD
cityClassARentUsd$11/sqft/yr
cityVacancyPct12.4%

Frequently asked questions

What is the average Class A rent in V&A Waterfront, Cape Town?
Around R240/sqm/mo · ≈ $14.4 PSF/yr USD. The citywide Class A index sits at R180/sqm/mo · ≈ $10.8 PSF/yr USD.

Related

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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